Klarna cuts revenue target as it forecasts softer European volumes
The buy now, pay later provider now expects 2026 gross merchandise volume of $149 billion to $151 billion after a $600 million currency hit.
10 Articles
10 Articles
Klarna cuts revenue target as it forecasts softer European volumes
Klarna has downgraded its revenue target for the year following unfavourable currency shifts and reduced activity from softer European volumes. The Swedish fintech unicorn said it expects to make between $4.08bn and $4.16bn for the current financial year, down from its previous forecast of over $4.34bn (£3.21bn). This came alongside a reduction in predicted gross merchandise volume (GMV) – which measures the total sales value of everything sold …
Klarna cuts revenue outlook as European retail slowdown hits
Klarna has slashed its full-year revenue and sales volume forecasts as weaker consumer spending across Europe, particularly in Germany, weighs on the company. The payments firm now expects revenue of between $4.08bn (£3.02bn) and $4.16bn for 2026, down from its previous forecast of more than $4.34bn. Klarna also lowered its gross merchandise volume (GMV) outlook to between $149bn and $151bn, having previously expected the value of purchases made…
Wall Street's leading indexes closed in the red for the third straight day as inflation concerns dampened risk appetite. Several semiconductor companies were among the losers. Swedish payments company Klarna also had its second-worst trading day yet after its interim report.
Klarna announces exec departures, lowers outlook
The aspiring neobank and buy now/pay later lender's stock plunged after it painted a less bullish forecast and announced it will need a U.S.-based finance chief to replace Niclas Neglén, who is stepping down at the beginning of the year. Chief Marketing Officer David Sandström will also end his nine-year tenure at the fintech.
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